Karachi: The auction for the Government of Pakistan Ijarah Sukuk (GIS), initially slated for October 3, 2024, has been officially moved to October 14, 2024. This change comes on the heels of recommendations from the Debt Management Office of the Ministry of Finance, as indicated by a Pakistan Stock Exchange notice.

The original schedule was communicated to market participants through PSX Notice# PSX/N – 878 on September 6, 2024. According to information available from the Pakistan Stock Exchange (PSX), the rescheduling is aimed at accommodating advisory inputs from the Ministry of Finance.

Further details regarding the auction, including the target amount and other specifics, will be provided to market participants ahead of the revised auction date. All stakeholders involved are encouraged to update their schedules to align with this new timeline.